Obviously, we've been less-than-thrilled with Netflix lately…but this is pretty cool.

Yesterday, we learned that The CW is giving full season pickups to both The Secret Circle and Hart of Dixie!

Now, in another big move by the company, The CW has announced that they've signed a 4-year licensing deal with Netflix, in which 700+ hours of CW shows will be available for streaming!

We think this is actually a smart move for the network, because it's NOT an exclusive deal…so they can also pursue opportunities with competitors, which MAY become necessary if Netflix continues with their downward spiral.

Here's what CW president Mark Pedowitz had to say about the deal:

"This deal works across multiple levels for us. Not only will we be able to recruit new viewers for our shows through the powerful reach of Netflix, but it also makes The CW an even more attractive option to the creative community."

Right on, Mark! Now, if you'll excuse us, we better go pick up A LOT of popcorn to get ready for an epic Vampire Diaries marathon! Ha!

Are U excited to watch CW shows on Netflix? Does it make U feel any better about the company's recent screw-ups???